RATE Group | Binance to Help Ukraine Prepare Cryptocurrency Legislation by End of 2019
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Binance to Help Ukraine Prepare Cryptocurrency Legislation by End of 2019

09 Nov Binance to Help Ukraine Prepare Cryptocurrency Legislation by End of 2019

Posted at 13:54h in Cryptocurrency News by

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Major global crypto exchange Binance will collaborate with Ukrainian authorities to establish cryptocurrency-related legislation in the country.

Potential legal status of cryptocurrencies in Ukraine

Binance has signed a memorandum of understanding (MoU) with the Ministry of Digital Transformation of Ukraine to jointly work on the legal status of cryptocurrencies in the country, according to a press release shared with Cointelegraph on Nov. 6.

According to the announcement, the Ministry, Members of Parliament (MP) and commercial companies are planning to finalize the relevant bills and introduce them to the Ukrainian Parliament, the Verkhovna Rada, by the end of 2019.

Binance CEO Changpeng Zhao (CZ) confirmed the news on Twitter, claiming that the action is a “real change from a few years ago.” In the press release, CZ stated that the legalization of cryptocurrencies and the adoption of progressive legislation can play a key role in bringing positive growth in the economy as well…

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